Alexander And Kline Give Statement On Student Loan Interest Rate Report

Friday, January 31, 2014

Senator Lamar Alexander and House Education and the Workforce Committee Chairman John Kline (R-Mn.) issued the following joint statement after the Government Accountability Office (GAO) released a report on federal student loan interest rates:

“Today’s GAO report makes it clear that Congress was exactly right to tie student loan interest rates to market rates, because that is the fairest way to ensure the loans don’t overcharge either students or taxpayers. The Bipartisan Student Loan Certainty Act cut interest rates for undergraduate loans nearly in half and made all student loans cheaper, simpler and more certain.”

The Bipartisan Student Loan Certainty Act (also known as the Smarter Solutions for Students Act) included a provision directing the GAO to provide information on issues related to the cost of federal student loans. Specifically, the report was intended to help members of Congress determine whether there was an ideal federal student loan interest rate that would ensure the government could cover Direct Loan costs without generating excess revenue. To read the full report, entitled “Borrower Interest Rates Cannot Be Set in Advance to Precisely and Consistently Balance Federal Revenues and Costs,” click here.


Cleveland City School System Dedicates Denning Center Of Technology And Careers

Cleveland City Schools dedicated the F.I. Denning Center of Technology and Careers Sunday afternoon as a new school year begins.   The center is named for Dr. Frederick Denning, retired city schools director. The center at  350 Central Avenue  was formerly the Teen Learning Center.   In June, Dr. Martin Ringstaff, current city schools ... (click for more)

Cleveland City Schools Events Beginning Aug. 2

Here are the Cleveland City Schools activities for this week: Cleveland City Schools Board of Education will host a Ribbon Cutting and Opening House for the F.I. Denning Center of Technology and Careers on Sunday, Aug. 2, at 2 p.m. at 350 Central Ave.    Retired Director of Schools, Dr. Rick Denning, will officially open the new hybrid non-traditional school. ... (click for more)

Truck Driver Who Caused Wreck That Killed 6 People At Ooltewah Indicted On 13 Charges; Report Says He Drove Excessive Hours

The Chattanooga Police Department has issued a capias for the arrest of Benjamin Brewer, 39, concerning the multiple fatality traffic crash that occurred on I-75 northbound on June 25. Brewer was indicted on Monday on 13 counts.  They include six counts of vehicular homicide by impairment, a B-felony; four counts for reckless aggravated assault, a D-felony; one count for DUI ... (click for more)

Sterling Jetton Seeks Office Of Hamilton County Assessor Of Property

Sterling Jetton announced that he will seek the Republican nomination for the office of Hamilton County assessor of property.  The Republican Primary will be held on March 1.  After serving in the United States Army and the National Guard, Rev. Jetton has worked as an employee of the Assessor of Property’s office for 27 years.  Rev. Jetton has also served in bi-vocational ... (click for more)

Why Is The City Diverting Federal Transportation Funds From Real Need?

The city of Chattanooga and CBL, owner of Hamilton Place Mall, would have the mass of taxpayers believe that improving mall access from the interstate is not impacting us financially.   Namely, CBL has committed to fund the city’s match of $8 million, so they will receive $32 million in Federal Transportation Funds that are allocated annually to local jurisdictions through ... (click for more)

Roy Exum: A Very Silly Apology

It didn’t get a lot of attention, as well it should not have, but when I heard Japanese giant Mitsubishi was offered an apology for heinous war crimes that took place during World War II, I thought it was an ill-conceived publicity stunt. But, no, in a solemn ceremony last month hosted by the Museum of Tolerance at the Simon Wiesenthal Center in Los Angeles, that is exactly what ... (click for more)